STOCK TITAN

SKK Holdings gets added 180 days to cure Nasdaq $1 bid price

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SKK Holdings Limited received an additional 180-calendar day extension from Nasdaq to regain compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. The Company did not regain compliance by October 13, 2025 and obtained the extension after notifying Nasdaq of its intent to cure, including the option to effect a reverse stock split if necessary.

The Company is evaluating options and intends to timely regain compliance, while noting there is no assurance it will do so or remain in compliance with other Nasdaq requirements. A press release discussing the extension was issued on October 17, 2025 and filed as Exhibit 99.1.

Positive

  • None.

Negative

  • None.

Insights

Nasdaq grants 180-day cure window; reverse split possible.

SKK Holdings remains out of compliance with Nasdaq’s minimum bid price rule requiring at least $1 per share. After missing the initial deadline on October 13, 2025, the Company received a second 180‑day period, which is typical when the issuer commits to a viable plan of cure.

The filing states the Company may effect a reverse stock split if needed. That tool can mechanically raise the share price but does not change fundamentals. The Company’s intention is to regain compliance, but the filing cautions there is no assurance of success.

Concrete milestones include the second 180‑day window and the Company’s stated evaluation of options. Actual impact depends on market price performance or corporate actions taken during the extension.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2025

 

Commission File Number 001-42307

 

SKK Holdings Limited

(Exact name of registrant as specified in its charter)

 

Not Applicable

(Translation of Registrant’s Name Into English)

 

27 First Lok Yang Road, Singapore   629735
(Address of principal executive offices)   (Zip Code)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Nasdaq Extension Letter regarding Minimum Bid Price Deficiency

 

As was reported on a Form 6-K filed on April 16, 2025, SKK Holdings Limited (the “Company”) received a letter on April 14, 2025 from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on the closing bid price of the Company for the period from February 28, 2025 to April 11, 2025, the Company no longer met the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Nasdaq provided the Company with a 180-calendar day compliance period, or until October 13, 2025, in which to regain compliance with Nasdaq continued listing requirement.

 

The Company did not regain compliance by October 13, 2025 and requested an extension. Nasdaq provided the Company with an additional 180 calendar days to meet the bid price requirement as the Company provided written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary.

 

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

 

On October 17, 2025, the Company issued a press release discussing the receipt of the extension letter, which is filed as exhibit 99.1 to this Form 6-K.

 

Exhibits

 

  99.1 Press Release on Extension Grant dated October 17, 2025

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  SKK Holdings Limited
   
Date: October 17, 2025 By /s/ Koon Kiat Sze
    Koon Kiat Sze
    Chief Executive Officer

 

3

 

FAQ

What did SKK (SKK Holdings Limited) announce regarding Nasdaq compliance?

The Company received an additional 180-day extension from Nasdaq to meet the $1 minimum bid price requirement under Rule 5550(a)(2).

Why did SKK receive the extension from Nasdaq?

SKK did not regain compliance by October 13, 2025 and provided written notice of its intention to cure, including a possible reverse stock split.

What is Nasdaq Listing Rule 5550(a)(2)?

It requires a company’s shares to maintain a minimum bid price of $1 per share for continued listing on the Nasdaq Capital Market.

What steps may SKK take to regain compliance?

The Company is evaluating options and may effect a reverse stock split if necessary.

Is there any assurance SKK will regain compliance?

No. The Company states there can be no assurance it will regain compliance or meet other Nasdaq requirements.

Did SKK issue a press release about the extension?

Yes. A press release dated October 17, 2025 was filed as Exhibit 99.1.
SKK Holdings

NASDAQ:SKK

SKK Rankings

SKK Latest News

SKK Latest SEC Filings

SKK Stock Data

6.41M
7.90M
57.88%
0.94%
0.26%
Engineering & Construction
Industrials
Link
Singapore
Singapore